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3322 Hanover Circle
About This Property
A second barn offers four 12x13 stalls, groom's apartment, exercise room, tack room, tractor storage as well as another washer, dryer, and storage room.
The farm also hosts an impressive 217 x 89 foot sand arena with GGT added, with dressage mirrors, sitting area, training hill, and walker.
The property rounds out its fabulous amenities with 7 fenced paddocks, a grass riding area, RV area and hook up, and metal container for the manure. The entire property is secured by a fence with an electrical entry gate. Don't miss out on this amazing opportunity to live the equestrian lifestyle in one Florida's most popular equestrian destinations.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 6, 2019 | Sold | ||
| Sold | |||
| Sep 22, 2019 | Listed by Keller Williams Realty - Welli | $1,900,000 | |
| Listed by Keller Williams Realty - Welli | |||
| Oct 24, 2016 | Sold | ||
| Sold | |||
| Apr 20, 2016 | Listed by Keller Williams Realty - Welli | $1,495,000 | |
| Listed by Keller Williams Realty - Welli | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017